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Cancellation of Sale MOU before sale deed
16-Mar-2025 (In Landlord/Tenant Law)
Hi, Need a help, I have signed a MOU (not registered) wheresin we agreed ti sale a property and the buyer shall pay 20L by own contributuion and 15L by loan within 60Days. While no cancellation clauses are mentioned in MOU.
On verbal communicaiton, we agreed that the buyer will pay 15L below 10th Feb 25 and then we can process for sale deed. Buyer was unbale to fulfill this condition and only 9L was rcvd til 3rd March 25 (in between this 9 lakh also there was delay in payment and also 1 cheque o
Dear client based on your question,
If the MOU is not registered,then you can send a formal legal notice demanding adherence to the agreement or cancellation.
For future detailed discussion feel free to contact us .
Helpful?
Adv. Anish Palkar
Mumbai | 200+ Answers
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Dear client based on the query, we need to understand the situation and know what we're writing terms in MOU and accordingly I can guide you on that. Also I need to know every detail of the situation my team will call you for a detailed discussion.
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Adv. Kalpana Sanap
Pune | 100+ Answers
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Well, I need to go through the clauses of MOU, then, appropriate Legal Advice can be given to you, after legally assessing such executed MOU. If the buyer has done any kind of Breach of Contract, then, he will be punished as per the law.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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